The Hydrofluoric Acid Market projected to grow at a (CAGR) of 5.5% during the forecast period

“Hydrofluoric acid market expected to register CAGR of 5.5% during forecast period.”
The hydrofluoric acid market is expected to be 1.6 million tons in 2018 and is projected to reach 2.1 million tons by 2023, at a CAGR of 5.5% between 2018 and 2023. Hydrofluoric acid is a clear, colorless, fuming liquid with a sharp, pungent odor. It is manufactured by the reaction of fluorspar with concentrated sulfuric acid at a temperature of 509° F. The growing demand for hydrofluorocarbons (HFCs) and hydrofluoroolefins (HFOs) and the increasing demand for fluorine compounds from several industries are the major factors driving the global hydrofluoric acid market during the forecast period. However, the stringent regulations on the use of fluorocarbon refrigerants may act as a restraint for the hydrofluoric acid market.

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“Anhydrous hydrofluoric acid estimated to be the fastest-growing grade of hydrofluoric acid during the forecast period.”
Anhydrous hydrofluoric acid (AHF) is projected to witness the highest growth during the forecast period. The rising demand of this grade in the fluorocarbon production, fluorinated derivative production, and oil refining applications is expected to raise the consumption of AHF globally. Moreover, the rising demand for fluorocarbons such as HFCs and HFOs is expected to make this grade one of the most widely used hydrofluoric acid grades.

“Fluorocarbon production application estimated to accounted for the largest share of the hydrofluoric acid market during the forecast period”
The fluorocarbon production application segment is estimated to account for a major share of the overall hydrofluoric acid market during the forecast period due to the large demand for hydrofluoric acid for the manufacture of fluorocarbons. Moreover, the growing demand for fluorocarbon-based refrigerants is expected to lead to the growth of hydrofluoric acid market during the forecast period.

“Asia Pacific is estimated to be the fastest-growing market for hydrofluoric acid during the forecast period.”
Asia Pacific is estimated to be the fastest-growing market for hydrofluoric acid during the forecast period due to the increasing fluorocarbon production in the region. Additionally, the increasing production of fluorinated derivatives and metals is another factor driving the growth of the hydrofluoric acid market in this region. China is projected to be the fastest-growing market for hydrofluoric acid in Asia Pacific, followed by India and Japan.
Extensive primary interviews were conducted to determine and verify the market size for several segments and subsegments and information gathered through secondary research.

The break-up of primary interviews is given below:
• By Company Type: Tier 1—55%, Tier 2—30%, and Tier 3—15%
• By Designation: Director Level—21%, C Level—23%, and Others*—56%
• By Region: Asia Pacific—45%, Europe—27%, North America—15%, South America—7%, and Middle East & Africa—6%

Note: The tiers of the companies are defined on the basis of their total revenue, as of 2017: Tier 1 = >USD 500 million, Tier 2 = USD 100 million to USD 500 million and Tier 3 =

The companies profiled in this market research report include Honeywell International (US), Daikin (Japan), Solvay (Belgium), Dongyue Group (China), Mexichem (Mexico), Sinochem Group (China), LANXESS (Germany), Yingpeng Group (China), Fluoride Chemical (China), and Fluorchemie Group (Germany).
Related Report:

Global Anhydrous Hydrofluoric Acid Market Analysis 2012-2017 and Forecast 2018-2023
Anhydrous hydrofluoric acid also called anhydrous hydrogen fluoride, Anhydrous Hydrofluoric Acid is a toxic, corrosive, nonflammable, liquefied gas packaged in cylinders under its own vapor pressure of 14.1 psia at 70 °F.
The global Anhydrous Hydrofluoric Acid market will reach xxx Million USD in 2017 and CAGR xx% 2011-2017. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Anhydrous Hydrofluoric Acid by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.): Content ≥99.99 % Content ≥99.90 % Content ≥99.70 %
Company Coverage (Sales Revenue, Price, Gross Margin, Main Products etc.): Solvay Honeywell Ineos Derivados del Flúor Airproducts Morita Sinochem Lantian Sanmei Chemical Yingpeng Chemical Do-Fluoride Chemicals Dongyue Group Fujian Shaowu Yongfei Chemical Shaowu Huaxin Chemical Juhua Group 3F Fubao Group
Read More: https://watchersofmarkets.com/products/global-anhydrous-hydrofluoric-acid-market-analysis-2012-2017-and-forecast-2018-2023

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